Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
Pakistani Rupee/South African Rand (FOREX:PKRZAR)
Sidelines Mode (+55) - PKRZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid PKRZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PKRZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PKRZAR
The long-term trend has been UP since Feb 10th, 2020 at 0.09772000
The intermediate-term trend has been DOWN since May 20th, 2020 at 0.11196187
The short-term trend has been UP since May 29th, 2020 at 0.10914125
Smart Scan Analysis for PKRZAR
Based on our trend formula, PKRZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).